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The Deputy Digital Minister of Ukraine has recently shared an update pertaining to the help they have been receiving from all over the world.
However, the minister specifically talked about the help they have been getting from the Russian citizens. He praised how the people of Russia have been helping out the Ukrainians.
The Minister also talked about how the Russians are proving that they do not stand with the invasion that Vladimir Putin has carried out over Ukraine.
The Russians have reportedly donated a lot of money to help the needy in Ukraine. They have made a huge input ensuring that the people in Ukraine get all the help they need to make it through the difficult times.
Ukraine Appealed for Donations
It was on February 24, 2022, when the Russian military invaded Ukraine. They started attacking major areas of Ukraine and inflicted a lot of damage.
Just two days after the Russian invasion, it was clear that Ukraine was in dire need of funds and financial support. The public was badly hit by the Russian invasion and they needed all the support they could get.
Just a couple of days after the invasion, the government of Ukraine was literally on its knees. It requested the rest of the world through its social media channels, to provide as much aid as possible.
As the traditional and common financial means were all cut off, the best way to deal with the situation was crypto donations. Therefore, the government of Ukraine asked for crypto donations.
Their appeal was heard across the globe and people set up multiple accounts that would see millions donated to the needy in Ukraine.
Ukraine is Tracking Crypto Donations
The government of Ukraine has been tracking all the donations they have been receiving from all over the world.
They have utilized blockchain technology to ensure they do not miss out on any transaction and it gets recorded.
The particular transparent and publicly distributed ledger system has been providing detailed information pertaining to donations.
It has been revealed that so far, over 100,000 individuals have contributed to Ukrainian aid from different parts of the world.
These individuals were responsible for sending donations in the form of cryptocurrencies. The most surprising aspect is that the individuals who donated the funds, donated from a dollar to millions of dollars.
Russians are Adopting Crypto
As per the Minister, cryptocurrencies are the best way to transfer cryptocurrencies anonymously to the receivers.
This is the reason why the Russians have adopted cryptocurrencies as their main source of transferring funds to the Ukrainians.
This way, they are helping Ukrainians with all the money they can send them to aid them through difficult times.
Most Adopted Cryptocurrencies
Out of all the cryptocurrencies, the most adopted cryptocurrencies are Ether (ETH) and Bitcoin (BTC). In addition to the major cryptocurrencies, the Russians have also adopted stablecoins such as Tether (USDT).
Crypto Fund Aid for Ukraine
The data confirms that out of all the channels used for making donations, most of the donations were made through one particular channel.
The particular channel was dubbed “Crypto Fund Aid for Ukraine”. The particular channel was opened by Everstake and Kuna, and it was also backed by the Government of Ukraine.
So far, multiple assets have been donated in the form of cryptocurrencies to the locals in Ukraine. As of now, 10,000 Ethereum coins have been donated while the donation of Bitcoin is 650 tokens.
Apart from the above, the donators also contributed with USDC stablecoins and Solana (SOL) tokens. The contributors donated 1.8 million Solana to the locals while $2.8 million worth of USDC was donated to the Ukrainians.
In total, a great number of funds have been raised by the Ukrainians for the locals. As of now, over $184 million have been donated by people from all over the world in the form of cryptocurrencies.
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